3 Tips for Cutting Home Expenses

3 Tips for Cutting Home Expenses

Whether you are a seasoned homeowner or you have just purchased your first home, expenses for homeowners can be outrageous.  

The Aitken Home Team has three tips for helping to cut costs in order to keep more cash in your pocket:

1. Review individual expenses.

Take a look at each monthly expense individually.  Question the necessity of each one and see if there are some things which might be eliminated altogether.  For example: do you really need cable?  How about switching to free or low-cost streaming services?  How often do you really watch television?  Do you use your gym membership?  Could you reduce the cost of your car insurance?  You are sure to find at least a couple of things that could likely be reduced or eliminated altogether.

2. Question efficiency.

Consider the efficiency of your appliances or even your shower head.  Installing energy star appliances, low-flow toilets and water-reducing shower heads might be worth it in the long run.  Do your research on items such as solar panels and consider switching your gas fireplaces to wood burning sources.  

3. Challenge “fixed” expenses.

Many items we deem as “fixed” expenses are surprisingly negotiable.  For example, you might be able to reduce property taxes if you think your home’s value was assessed higher than what it is actually worth.  HOA fees can be challenged as well with the right information and for the right reasons.  If your home insurance is high, get a new quote to see if you qualify for a cost reduction.  

The list goes one: hire a cheaper lawn service, inquire about burning your trash if you live in a rural area rather than paying for waste management. The bottom line is that expenses can always be reduced if you are willing to reevaluate what you are paying out each month and get creative! You might be surprised to learn that you can enjoy the same luxuries without paying luxury prices.

Related: “Credit 101”

For more information, contact The Aitken Home Team today!

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Phil Aitken, Owner/Broker
Phil Aitken is the Owner/Broker with Your Home Sold Guaranteed Realty - Phil Aitken Home Team and has over 13 years of Real Estate experience. Phil’s faith and desire for his family’s continued security fuel his business growth and leadership. The Phil Aitken Home Team continues to profoundly impact the people of Jacksonville via supporting several faith-based organizations. Phil gives back a portion of every real estate transaction to The Tim Tebow Foundation and Rethreaded. Find Phil's full story here.